YouSaid · the spoken record

Andrew Slimmon

lines on the record: 60
first: 2024-02-22
most recent: 2024-02-22
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Well, and that's because there's something called the tear sheet. If you were my client, I went to you and said, Barry, I think you should invest in emerging markets because look how terribly it's done the last five years and I can you the tear sheet you're gonna everybody hates it hate it so the problem with this business is a stock price”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly. And here's a great example of what I mean. If you think about the years 2020, In 2021, growth stocks took off, right? But in 2022, they got crushed. Do you think more money went into growth managers and funds in 2021 or the end of 2022 after they got crushed?”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“So, if you think about my career, I learned to be a fundamental analyst. I went to University of Chicago and learned that, oh, there's quantitative factors that drive a stock price beyond kind of what's going on at the company level. The third part of my experience was being in prior wealth management. Clients want to believe they all buy low and sell high, but Bear, you know that doesn't isn't the case.”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“And I would go one step further. You know this, you're in the business, but when you first meet someone, you never know the ones that are going to be truly”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“With limited risks. Are you going to go there? And that is what was so fascinating about today? Yeah. Is today people say to me, Andrew, why would I invest in equities when I can get 5% in the money market? And what a difference in a mindset which tells you where we are. In the late 90s, we had just gone through a roaring bull market. Optimism was just so rampant. And the worst year in the business I can remember was 1999. Because as an investor covering clients, I was caught between doing the right thing for them, which was avoid these ridiculously priced stocks or get on the train because the money is pouring through. And then it all came to an end in 2000, 2001. And I took a step back and say, thank God, I never, you know, I just didn't buy in the way some people did. And therefore, save people a lot of money. It was a tremendously good learning experience for me to stay true to your values of investing ultimately they work out.”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I mean, the thing that was amazing is we would have clients in the late 90s that would come to us and they'd say, Andrew, I'm not greedy. I just want 15, 20% returns a year.”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“And it was a recession. And I had met my wife in business school and she got a job at Kidd or Peabody, if you remember that, invest in banking in Chicago. And I couldn't find kind of a buy side opportunity. And Morgan Stanley had a department called Prigh Wealth Management that covered wealthy individuals and small institutions in Chicago, and I needed a job and I had a lot of student debt. So I said, hey, as opposed to going the traditional buy side route, I'll start in this area covering clients and investing for them.”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I was a research analyst at Brown Brothers and I was covering healthcare stocks. I realized that there must be something more to investing than just what was going at the company level. Because I noticed that the things that were moving my stocks on a day-to-day basis weren't just what was going on the company level. And University of Chicago, where I got my MBA, was obviously very focused on more of the quantitative areas of investing. And I took family and French and so forth and Miller and all those that taught me that what drives a stock price is more than just the company level. And so that was really how it rounded my knowledge of kind of investing the first steps. And then coming out of business school, it was not”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“Sure, so well, my first role was opening the mail at a broker's firm in Hartford, Connecticut, but I started my career at Brown Brothers Harriman right here in New York in a training program, which was great because they had commercial banking, they had capital markets, and they had the investment management side of the business. And that's what getting exposure, all those led me to believe, gee, I really am interested in the stock market and how it works and investing in general.”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source
“I think being in a competitive industry was all the plan. I played tennis competitively in juniors and went on and played in college. And I always liked the, you either won or lost. And what I always liked about this industry, it was all about, you know, did you win or lose? There wasn't a lot of gray area. And I think that's what I do love about the stock market and investing in general because there's a scorecard. And you can't, there's no room on the scorecard for the editorials.”
2024-02-22 · Masters in Business · Andrew Slimmon on Quantitative Factors in Markets · IDENTIFIED FROM THE TRANSCRIPT · source